Kiwi's wings clipped, could break back below 60 US cents

Kiwi's wings clipped, could break back below 60 US cents
(Image: Gettty)
Rebecca Howard
The New Zealand dollar could head below 60 US cents, weighed by a stronger greenback and a hefty domestic official cash rate cut on Wednesday.It was trading at 60.58 US cents early in Wellington, having dipped as low as 60.55 overnight. It is the lowest it has been in seven weeks. The kiwi has “extended lower in offshore trade, amid a broadly stronger US dollar backdrop”, BNZ senior interest rate strategist Stuart Ritson said. US dollar indexRitson said the US dollar index has retraced more than 50% of its August–Sep...

More Economy

US tariff risk less than expected for FPH, Jarden says
Economy

US tariff risk less than expected for FPH, Jarden says

Jarden says tariff-related impacts on earnings would be "nominal" by 2030.

Trump’s tariffs may spur a more dovish RBNZ
Economy

Trump’s tariffs may spur a more dovish RBNZ

The risk appears more weighted to the RBNZ cutting the OCR further than otherwise.

Iron sand project could deliver $265m GDP boost: NZIER
Economy

Iron sand project could deliver $265m GDP boost: NZIER

Iron sands mining in Taranaki could create 1365 jobs, NZIER report says.

NZX-listed companies take stock in wake of US tariff moves
Economy

NZX-listed companies take stock in wake of US tariff moves

Wine makers, manufacturers and others mull what trade wars will bring.

Ian Llewellyn 03 Apr 2025